Construction Partners Inc. (ROAD) stock is soaring 5.44% in pre-market trading on Friday following the release of its fiscal 2025 second-quarter results that exceeded analyst expectations and an upward revision of its full-year revenue guidance.
The civil infrastructure company reported earnings of $0.08 per share for the quarter ended March 31, significantly beating the FactSet consensus estimate of a $0.05 loss per share. This marks a substantial improvement from the $0.02 loss per share reported in the same period last year. Revenue for the quarter surged to $571.7 million, up 53.91% year-over-year and surpassing the analyst forecast of $559.6 million.
Construction Partners raised its fiscal 2025 revenue guidance to a range of $2.77 billion to $2.83 billion, up from the previous forecast of $2.66 billion to $2.74 billion. The company attributed its strong performance to healthy federal and state project funding across its operating areas, as well as a steady flow of commercial projects. The project backlog as of March 31 stood at $2.84 billion, a significant increase from $1.79 billion a year earlier, indicating robust future business prospects.
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